Mirova Raises Stock Holdings in Weyerhaeuser (NYSE:WY)

Mirova increased its holdings in shares of Weyerhaeuser (NYSE:WY - Free Report) by 48.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 96,484 shares of the real estate investment trust's stock after purchasing an additional 31,693 shares during the period. Mirova's holdings in Weyerhaeuser were worth $2,716,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. MetLife Investment Management LLC increased its holdings in shares of Weyerhaeuser by 1.7% in the 4th quarter. MetLife Investment Management LLC now owns 192,348 shares of the real estate investment trust's stock valued at $5,415,000 after acquiring an additional 3,202 shares during the period. Norinchukin Bank The grew its stake in Weyerhaeuser by 6.8% in the fourth quarter. Norinchukin Bank The now owns 31,223 shares of the real estate investment trust's stock valued at $879,000 after purchasing an additional 1,987 shares during the last quarter. Ossiam raised its holdings in Weyerhaeuser by 1.4% in the fourth quarter. Ossiam now owns 41,093 shares of the real estate investment trust's stock worth $1,157,000 after purchasing an additional 574 shares in the last quarter. GeoWealth Management LLC lifted its position in shares of Weyerhaeuser by 141.6% during the fourth quarter. GeoWealth Management LLC now owns 23,038 shares of the real estate investment trust's stock valued at $649,000 after buying an additional 13,501 shares during the last quarter. Finally, Dean Investment Associates LLC bought a new stake in shares of Weyerhaeuser in the 4th quarter valued at about $2,527,000. 82.99% of the stock is owned by hedge funds and other institutional investors.

Weyerhaeuser Stock Performance

NYSE:WY traded down $0.62 during midday trading on Friday, hitting $24.88. The company's stock had a trading volume of 1,953,823 shares, compared to its average volume of 3,695,745. Weyerhaeuser has a fifty-two week low of $24.10 and a fifty-two week high of $34.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.79 and a quick ratio of 1.17. The firm has a market cap of $18.06 billion, a P/E ratio of 45.46, a P/E/G ratio of 4.74 and a beta of 1.25. The firm's 50 day moving average is $28.35 and its 200-day moving average is $29.76.

Weyerhaeuser (NYSE:WY - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.11 earnings per share for the quarter, hitting analysts' consensus estimates of $0.11. The firm had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.80 billion. Weyerhaeuser had a net margin of 5.56% and a return on equity of 3.86%. Equities analysts anticipate that Weyerhaeuser will post 0.78 earnings per share for the current fiscal year.

Weyerhaeuser Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 21st. Shareholders of record on Friday, March 7th were issued a $0.21 dividend. The ex-dividend date was Friday, March 7th. This is an increase from Weyerhaeuser's previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 3.38%. Weyerhaeuser's payout ratio is presently 152.73%.

Analysts Set New Price Targets

WY has been the subject of several recent analyst reports. Citigroup reduced their price objective on shares of Weyerhaeuser from $38.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. StockNews.com raised Weyerhaeuser from a "sell" rating to a "hold" rating in a research report on Thursday, February 6th. CIBC lowered their price objective on Weyerhaeuser from $35.00 to $32.00 and set an "outperformer" rating for the company in a research report on Tuesday. JPMorgan Chase & Co. assumed coverage on Weyerhaeuser in a research note on Tuesday, April 8th. They set an "overweight" rating and a $31.00 target price on the stock. Finally, Cibc World Mkts upgraded Weyerhaeuser from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Weyerhaeuser currently has a consensus rating of "Moderate Buy" and an average target price of $33.75.

Weyerhaeuser Profile

Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards.